Ropes & Gray Advises Bain Capital Ventures on Series A Investment in Doc Halo
A cross-office Ropes & Gray team advised leading investment firm Bain Capital Ventures in a $10-million Series A financing of privately held Doc Halo, an emerging growth company, as part of an $11 million Series A financing. Additional funding in the Series A round came from Refinery Ventures. The transaction, which was announced April 25, is the first time in its seven-year history that Doc Halo has partnered with outside investors.
Cincinnati-based Doc Halo has developed a mobile app and online console that enables doctors and other medical personnel to communicate with each other via secure, HIPAA-compliant text messaging and includes tools to permit instant access to, among other things, medical records, labs and physician directories. The company intends to use the funding largely to fuel product development capacity and the capabilities of its clinical communications platform.
The Ropes & Gray team representing Bain Capital Ventures included securities & public companies partner Joel Freedman (Boston), intellectual property transactions partner Edward Kelly (Boston) and intellectual property transactions counsel Regina Penti (Boston).